FILE PHOTO: U.S. President Donald Trump exits Air Force One after returning from Pennsylvania to Joint Base Andrews in Maryland, U.S., March 5, 2020. REUTERS/Leah Millis
WASHINGTON (Reuters) – U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake News,” for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude due to the coronavirus.
In a series of tweets, Trump also said the associated plunge in oil prices would benefit Americans: “Good for the consumer, gasoline prices coming down!”
Reporting by Tim Ahmann; Editing by Doina Chiacu
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